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$27 Trillion Treasury market is only getting bigger.
The world’s largest, most-important financial market is growing by leaps and bounds. On Wall Street, that is making people nervous. Annual issuance of U.S. Treasurys has exploded, nearly doubling since the pandemic began. The government sold a record $23 trillion worth in 2023. And few think the spree is going to slow soon, given the …
: Gross Domestic income is negative while “Real” GDP is not sustainable as deficit across $3 Trillion this year.
🇺🇸 US Real Gross Domestic Income -0.1% YoY. In #recession territory with a perfect track record! H/t: @GameofTrades_ pic.twitter.com/WUyY6GN0vR — Alex Joosten (@joosteninvestor) February 23, 2024 My point exactly. Since 2000, US real GDP increased +60% with industrial output flat. All growth from services — healthcare, rent, education etc — which more than doubled. Has …
Speaker Mike Johnson Violates Hastert Rule in Passing $1.2 Trillion Government Funding Plan
Speaker Mike Johnson (R-LA) passed a massive $1.2 trillion government funding plan despite the objections of the majority of House Republicans, violating the Hastert Rule and crossing the Rubicon into dangerous territory for the future of his speakership. House Republicans enacted the longstanding rule to prohibit Republican Speakers from colluding with Democrats to pass legislation. …
Biden’s $7.3 TRILLION Budget Is DOA In House, Massive Tax Increases Proposed So Biden Can Spend Even MORE Money (Federal Deficit Expected To Explode To $16 TRILLION Over Next Decade)
by confoundedinterest17 Every little thing Biden touches turns into disaster. Like the Federal Budget(consider it the fiscal version of the Afghanistan withdrawal). Following yesterday’s release of Biden’s $7.3 trillion budget, the Biden administration bragged about lowering the deficit by $3 trillion over the next decade – an average of 0.8% of GDP over that period. This would …
Schiff: Rising deficits will likely push the National Debt over $40 trillion by next year!
The #NationalDebt just surpassed $34.5 trillion, up over $100 billion so far in March. At this rate the National Debt will rise $300 billion during the month. That's a annual pace of $3.6 trillion. Rising deficits will likely push the National Debt over $40 trillion by next year! — Peter Schiff (@PeterSchiff) March 11, 2024 …
The U.S. Debt Is Rising By $1 TRILLION EVERY 100 DAYS!
The U.S. national debt is rising by $1 trillion about every 100 days MON, MAR 4 2024 The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, …
Biden unveils massive new budget with $6 trillion in tax increases, $36,000 in tax hikes per family; National Debt would grow by $1.8 trillion in one year.
In a move that could reshape the nation’s financial landscape, President Biden has revealed a budget proposal of unprecedented proportions, amounting to a staggering $7.3 trillion for the fiscal year 2025. This budget, while reflecting ambitious plans for tax increases and increased spending on various fronts, has ignited concerns about the escalating U.S. debt trajectory. …
Another Crisis For Washington DC To Justify Unjustifiable Spending Binges (Subprime Crisis, Covid, ??) Biden Borrows $6.75 TRILLION While Spending $569 Billion
by confoundedinterest17 In statistics we talk about “jump processes.” Like Federal government spending every time there is a financial crisis like the subprime crisis of 2008-2009 and the Covid lockdowns of 2020. Each crisis brought a jump in the level of spending and jump in Federal debt. Federal debt under Biden started at $27.7 trillion and is …
Bitcoin’s 90% correlation with Nvidia signals a $4 trillion financial risk, fueled by rampant artificial intelligence.
The fusion of the stock market with the crypto market is now complete. Bitcoin is 90% correlated with Nvidia. It's a $4 trillion financial weapon of mass destruction. Sponsored by artificial intelligence. Which is now rampant. And also in computers. pic.twitter.com/X3bjYwkzVI — Mac10 (@SuburbanDrone) February 28, 2024 Bulls, these central bank rigged markets will always …
Despite $35 Trillion national debt, U.S. dollar on cusp of hitting new record high.
(Bloomberg) — There’s a subtext to this year’s blistering rally in US risk assets: When it comes to the dollar, there is no alternative. The greenback is just shy of the record it reached during the pandemic and on pace for its best year since 2020. As measured against the currencies of America’s largest trading …
Beijing warns China’s US$63 trillion financial sector: serve the real economy and enrich lives
China’s financial sector needs to focus on supporting the real economy and must refrain from “fake financial innovation”, state media has proclaimed amid a tightening of regulations as Beijing seeks to flex its financial might. In what is widely believed to be a warning against capital idling and speculative activities by banks and lending institutions, …
Global debt at a new record high of $313 trillion
This couldn’t happen without world banks. Under accounting principles, debts can never be greater than assets. If you borrowed money from someone, they had to have the money to lend, making the debt and asset cancel each other out to $0. Only with world banks are they allowed to lend money they don’t have to …
Within 10 Years, Interest and Medicare Will Each Cost $1.6 Trillion a Year
via Mike Shedlock: Fact check true: For the first time in history spending on interest will exceed spending on defense. Do We Spend More On Interest Than Defense? The Committee for a Responsible Federal budget did a Fact Check on that question. The answer is yes. During a recent town hall, former United Nations Ambassador and current Presidential …
Interest payments on $34 trillion US national debt will exceed DEFENSE spending this year – as Paul Tudor Jones warn ‘debt bomb will go off
Interest payments on $34 trillion US national debt will exceed DEFENSE spending this year – as legendary investor Paul Tudor Jones says a ‘debt bomb’ set to go off in US Interest payments on the US national debt will eclipse defense spending in 2024, grim new projections show. Federal debt is at a historic high, …
RFK Jr: ‘Even if the Ukraine war ended today, we’re still going to spend half a trillion there rebuilding the country’
Bobby Kennedy Jr calls the Ukraine War a "money laundering scheme." “Even if the Ukraine war ended today, we’re still going to spend half a trillion there rebuilding the country.” pic.twitter.com/gKfedYVSIi — Citizen Free Press (@CitizenFreePres) February 15, 2024
Five Wall Street ‘Casino’ Banks Hold $223 Trillion in Derivatives — 83 Percent of All of the Derivatives held at 4,600 Banks. The vast majority of which are held in SWAPS. Everything is fine
By Pam Martens and Russ Martens: February 13, 2024 ~ According to the Financial Crisis Inquiry Commission (FCIC), derivatives played a major role in the financial crash of 2007 to 2010 in the United States, the worst financial crisis in the U.S. since the Great Depression of the 1930s. The FCIC wrote in its final …
National Debt Time Machine | Check out the U.S. Debt Clock on February 9, in 2028. National Debt will be $46 Trillion in four years.
https://usdebtclock.org/current-rates.html h/t CFP
China’s Stock Market Tumbles: The Hong Kong Crisis Deepens – $6 trillion Market Wipe Out
This video dives into the heart of the Hong Kong crisis as China’s stocks hit record lows, wiping out $6 trillion. It uncovers the complex factors, from a selloff in stocks to real estate woes, triggering a market chaos. Discover the human stories behind the numbers, with families, businesses, and a city grappling with economic …
Bank of America CEO Brian Moynihan sweats over $34 trillion national debt, urges action.
Bank of America CEO Brian Moynihan says ‘we need to get after’ America’s $34tn national debt: ‘You can either admire the problem or do something about it’ Wall Street is officially done ignoring the government’s eye-watering national debt bill. JPMorgan’s Jamie Dimon says it’s a global “rebellion” waiting to happen, with Bank of America CEO …
The commercial real estate crisis sees a $3 trillion asset class struggling…
Banking rollercoaster: From denial to acknowledgment, uncertainty surrounds likelihood of commercial bank failures. Real estate magnate Barry Sternlicht has sounded the alarm on the challenges facing the commercial real estate (CRE) sector, particularly the office market, labeling it an “existential crisis.” Sternlicht estimates that the $3 trillion asset class is now likely worth around $1.8 …
Deficit Joe Strikes Again! Record $10 Trillion In US Treasuries Coming To Market In 2024 As Budget Deficits SOAR Under “Deficit Joe” (Don’t Forget About $212.5 TRILLION In Unfunded Liabilities)
by confoundedinterest17 The great Will Rogers once said he never met a man he didn’t like. US President Joe Biden and Democrats have never met a spending opportunity they didn’t like (except for US border security, of course). Under “Deficit Joe” Biden, Federal budget deficits have soared! And deficits are projected to grow! Over the …
A record $8.9 trillion of government debt will mature over the next year. Who’s going to fund all of this debt?
This is a dire situation; the staggering $8.9 trillion government debt maturing soon is alarming. With a projected $1.4 trillion deficit in 2024, over $10 trillion in US government bonds need buyers, almost a third of the current federal debt. The Fed’s plan to cut rates adds to the challenge. The surging debt service costs, …
Bomb Cyclone | 8 trillion gallons of rain to fall in California.
The latest in a series of atmospheric river storms is expected to bring heavy flooding to much of the state Residents in Santa Barbara and Ventura Counties were urged to evacuate their homes The term ‘bomb cyclone’ denotes a storm that rapidly worsens over 24 hours The first images have emerged showing California pummeled by potentially …
The US has a $6 trillion problem over the next twelve months
by James Hickman Yesterday the Treasury Department announced that they expected to increase the national debt by a whopping $760 billion this quarter alone… and another $202 billion next quarter. In short that means almost $1 trillion added to the national debt just in the first half of this year. And, again, these are the Treasury …
Billionaire Starwood CEO Warns of $1 Trillion Losses in Ailing Office Market
The ailing office market is headed for $1 trillion of losses, billionaire and Starwood Capital CEO Barry Sternlicht said. Per Bloomberg, Sternlicht said at the Global Alts conference in Miami Beach that US office properties, once a $3 trillion market, are worth about $1.8 trillion now. The cratering values have been the result of remote work being …
Nassim Taleb and Jamie Dimon Sound Alarm as U.S. Federal Debt Hits Record $34.138 Trillion
In a startling revelation, the U.S. federal debt has reached a historic high, soaring to an eye-watering $34.138 trillion. What’s even more concerning is the recent trendline, which surpasses the initial trajectory seen at the beginning of the Biden administration. This acceleration is attributed to a combination of increased government consumption expenditures and rising interest …
Breaking down the coming $20 trillion debt Tsunami
by Simon Black Tony Fauci should be in a prison cell in Wuhan right now given how much responsibility he bears for destroying US government finances. This guy was one of the chief architects of the hysteria that took over the US (and much of the world) back in 2020. Yet he now admits, according …
Credit Card and Auto Loan Defaults Hit 2008 Levels as Credit Card Debt Soars to Record $1.08 Trillion, Signaling An Imminent Financial Crisis
Subprime Auto-Loan Delinquencies Rise to 2019 Levels: a Dive into Subprime Lending and Securitizations pic.twitter.com/A5gyIrxj3e — QUACK (@RichQuack) January 14, 2024 Credit Card Debt Climbs: 56 Million Americans in Prolonged Debt Amid Economic Pressures The credit card debt situation in the U.S. is becoming increasingly concerning, with a record $1.08 trillion in balances as reported …
$6 Trillion in taxes at stake in 2024 elections.
via WSJ: WASHINGTON—There isn’t a dime’s worth of a difference between the political parties. The chasm is more like $6 trillion. The winners of November’s presidential and congressional elections will quickly face decisions on extending tax cuts scheduled to expire after 2025. President Biden and Republicans support starkly different tax plans. Republicans generally want to …